Market Research Report
Market Data - Hybrid DERMS and VPP Platforms - VPP Capacity, Implementation Spending, and Revenue: Global Market Forecasts and Analysis
|Market Data - Hybrid DERMS and VPP Platforms - VPP Capacity, Implementation Spending, and Revenue: Global Market Forecasts and Analysis|
Published: November 12, 2021
Guidehouse Insights (formerly Navigant Research)
Content info: 30 Pages; 16 Tables, Charts & Figures
Delivery time: 1-2 business days
Increasing deployment of distributed energy resources (DER) and renewables is transforming the grid at a rapid pace. To accommodate this transition, utilities and grid operators are relying on intelligent software to stabilize and optimize the grid. Simultaneously, energy consumers are transitioning into prosumers and looking for ways to gain by using their existing resources. DER management software (DERMS) and virtual power plants (VPPs) are two types of intelligent software platforms that can enable grid optimization to serve grid operators, utilities, and energy consumers. Individually, each platform offers an important function to assist utilities and grid operators in reliably serving customers; however, as the energy industry continues to transition, a single, hybrid platform capable of balancing multiple grid priorities is expected to become essential to effectively serving customers.
Along with an increase in DER and renewable energy deployment, favorable policies and regulatory environments are driving the development of hybrid DERMS and VPP platforms. However, high system costs and complexity associated with rolling out a hybrid DERMS and VPP platform along with the availability of less complex alternative technologies that accomplish similar end goals are adoption barriers of hybrid DERMS and VPP platforms.
This ‘Guidehouse Insights report’ identifies the key value streams of hybrid DERMS and VPP offerings. Its major objectives are to identify and evaluate opportunities and challenges facing the industry and to forecast likely growth in global regions. Guidehouse Insights also provides a review of demand drivers, barriers, and market trends. All major global regions are included, and the forecast period extends through 2030.